Index Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
BNY Mellon South Korea GDR Index (CME:BKGKR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BKGKR
The long term trend has been DOWN since May 7th, 2019 at 4026.60
The intermediate term trend has been UP since Jun 3rd, 2019 at 3911.16
The short term trend has been UP since Jun 18th, 2019 at 3975.53
Smart Scan Analysis for BKGKR
Based on a pre-defined weighted trend formula for chart analysis, BKGKR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||5303.75||52wk High Date||2018-04-19|
|52wk Low||3747.95||52wk Low Date||2018-10-26|